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On January 1, 2017, Haley Co. issued ten-year bonds with a face amount of $5,000,000 and stated interest rate of 8% payable annually on January

On January 1, 2017, Haley Co. issued ten-year bonds with a face amount of $5,000,000 and stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%

On January 1, 2017, the bonds will be issued at:

A. Face value

B. A discount

C. A Premium

D. Can't tell from the information given.

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